India Medical Polymers Market Size & Outlook, 2022-2030
India medical polymers market, 2019-2030 (US$M)
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India medical polymers market highlights
- The India medical polymers market generated a revenue of USD 497.6 million in 2022 and is expected to reach USD 992.3 million by 2030.
- The India market is expected to grow at a CAGR of 9% from 2023 to 2030.
- In terms of segment, fibers & resins was the largest revenue generating product in 2022.
- Biodegradable Polymers is the most lucrative product segment registering the fastest growth during the forecast period.
Medical polymers market data book summary
| Market revenue in 2022 | USD 497.6 million |
| Market revenue in 2030 | USD 992.3 million |
| Growth rate | 9% (CAGR from 2022 to 2030) |
| Largest segment | Fibers & resins |
| Fastest growing segment | Biodegradable Polymers |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibers & Resins, Medical Elastomers, Biodegradable Polymers |
| Key market players worldwide | Basf SE, Cargill, Covestro AG, Celanese Corp Class A, Eastman Chemical Co, Evonik Industries AG, Dow Inc, Exxon Mobil Corp, Arkema SA, Koninklijke DSM NV, Formosa Plastics Group, SABIC, Trinseo PLC |
Other key industry trends
- In terms of revenue, India accounted for 2.5% of the global medical polymers market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical polymers market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 992.3 million by 2030.
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Medical Polymers Market Scope
Medical Polymers Market Companies
| Name | Profile | # Employees | HQ | Website |
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India medical polymers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical polymers market will help companies and investors design strategic landscapes.
Fibers & resins was the largest segment with a revenue share of 80.27% in 2022. Horizon Databook has segmented the India medical polymers market based on fibers & resins, medical elastomers, biodegradable polymers covering the revenue growth of each sub-segment from 2019 to 2030.
The medical polymers market in India is expected to witness high growth owing to the increased government efforts to improve public health conditions. In addition, increasing private participation in the healthcare industry is expected to fuel the demand for high-quality medical devices and components.
India is one of the fastest-growing economies in Asia Pacific, with a substantial population without safe and affordable medical assistance. As a result, major government rollouts to improve public health infrastructure are expected to positively impact the demand for medical polymers.
Moreover, the easy availability of raw materials at low prices is expected to drive market growth. In addition, growing coronavirus cases are significantly fueling the demand for medical polymers among medical components such as face masks, nebulizers, syringe cases, and disposable aprons, which can reflect a positive market growth for medical polymers in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the India medical polymers market , including forecasts for subscribers. This country databook contains high-level insights into India medical polymers market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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India medical polymers market size, by product, 2019-2030 (US$M)
India Medical Polymers Market Outlook Share, 2022 & 2030 (US$M)
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